Jefferies analyst Kevin Grundy reiterated a Hold rating on Clorox (NYSE: CLX) on July 9 and set a price target of $124. The company’s shares closed yesterday at $134.46.
According to TipRanks.com, Grundy is a 4-star analyst with an average return of 6.6% and a 68.2% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Edgewell Personal Care, and Monster Beverage Corp.
Currently, the analyst consensus on Clorox is a Hold with an average price target of $125.
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Based on Clorox’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.52 billion and net profit of $181 million. In comparison, last year the company earned revenue of $1.65 billion and had a net profit of $201 million.
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The Clorox Co. manufactures and markets consumer and institutional products. It operates through the following business segments: Cleaning, Lifestyle, Household, and International. The Cleaning segment consists of laundry, home care and professional products marketed and sold in the United States.
